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16-83 Woodbine Street
House in Ridgewood •  building info
12bd • 4ba • 2,400ft² $1,125 per ft²
Sold price

$2,700,000

Key Details
Days on market
704
Last price change
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Estimated payment
$18,834/mo
Taxes
$2,646/mo
Maintenance
N/A
Description
This meticulously renovated mixed-use building, completed in 2023, boasts NINE FREE MARKET UNITS, comprising FOUR RESIDENTIAL and FIVE COMMERCIAL UNITS. It stands as a lucrative income generator, with gross annual income increasing to $278,544/yr starting October 2024 (for detailed breakdown, refer to our Excel sheet or digital brochure). The residential units feature spacious 3 boxed bedroom layouts with one full bathroom each. Situated in zone R6B-C24, the property is NOT SUBJECT TO RENT CONTROL OR RENT STABILIZATION REGULATIONS. Nestled in the heart of Ridgewood, conveniently positioned between the L and M train lines, residents enjoy unparalleled access to amenities, public transportation, and thriving commercial hubs. Ridgewood's allure as an exceptional city underscores the promising investment potential of this property.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$3,000,000
Asking Price: $3,000,000
Term
30 Years
Down Payment
$300,000 (10%)
Min: 10% (300,000)
Rate
6.0 %
Mortgage Amount
$2,700,000
Mortgage Payment
$16,188
Taxes
$2,646
Estimated closing cost
$116,000
Total monthly cost $18,834
Listing Courtesy of EXP Realty

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